Reported about 20 hours ago
Tariffs imposed by the U.S. administration are severely impacting Japanese auto suppliers, compelling companies like Kyowa Industrial to diversify into medical devices. Industry leaders express deep concerns over the future, as the auto supply chain faces pressure amid competition from electric vehicle makers. Auto manufacturers such as Toyota, Nissan, and Ford are urged to support their suppliers while navigating the uncertainty brought by trade barriers, which could lead to higher vehicle prices and diminished sales in the U.S.
Source: YAHOO